Examlex

Solved

According to the Optimal Output Rule, If the Marginal Benefit

question 58

Essay

According to the optimal output rule, if the marginal benefit is:
A.more than the marginal cost, an activity should be reduced.
B.less than the marginal cost, an activity should be reduced.
C.equal to the marginal cost, an activity should be reduced.
D.more than the marginal cost, net benefit is maximized.


Definitions:

Precipitating Incident

An event that directly causes an action or series of actions, especially within the context of a narrative or in triggering social change.

Occupy Movement

A global protest movement against social and economic inequality that began in 2011, best known for its initial occupation of Wall Street in New York City.

Protest Crowd

A gathering of individuals who come together to express dissent or demand action concerning social, political, or environmental issues, often in a public setting.

Demonstrations

Public gatherings or marches expressing support for or opposition to a cause or policy, often accompanied by the display of signs and vocal chanting.

Related Questions